PepsiCo: Continued Share Losses Mandate A Downgrade

Group 1 - The core viewpoint is that PepsiCo is expected to see a recovery in growth after a period of not raising prices, allowing competitors to catch up [1] - The expectation is for growth to increase in 2025 following real growth in 2024 [1] - The investment strategy focuses on acquiring companies with strong qualitative attributes at attractive prices and holding them long-term [1] Group 2 - The company aims to publish articles on investment opportunities approximately three times per week, with detailed quarterly follow-ups and updates [1] - The portfolio management strategy is concentrated on avoiding underperformers while maximizing exposure to high-potential winners [1] - Companies may be rated as 'Hold' if their growth opportunities do not meet the investment threshold or if downside risks are deemed too high [1]